$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #95, "stop point?" Nov. 08, 2016.

in #steem8 years ago

Hello Steemers!

POLONIEX


4 hour Poloniex chart - Nov. 07, 2016


4 hour Poloniex chart - Nov. 08, 2016


1 day Poloniex chart - Nov. 07, 2016


1 day Poloniex chart - Nov. 08, 2016
The price went down to the 0.0002 line and broke it firmly without a stop, reaching to a new local low on ~0.00017 BTC where it is traded around now.

BITTREX


4 hour Bittrex chart - Nov. 07, 2016


4 hour Bittrex chart - Nov. 08, 2016
The Bittrex price also made a sharp dive to 0.00017 where it is at right now. this seems so be another possible bounce point.

VOLUME COMPARISON


STEEM/BTC volume Bittrex Nov. 07, 2016


STEEM/BTC volume Bittrex Nov. 08, 2016


STEEM/BTC volume Poloniex Nov. 07, 2016


STEEM/BTC volume Poloniex Nov. 08, 2016


STEEM indexed global volume Oct. 07, 2016


STEEM indexed global volume Oct. 08, 2016


Coinmarketcap top volume cryptos Nov. 07, 2016


Coinmarketcap top volume cryptos Nov. 08, 2016
Overall volume about 28% lower then yesterday, $STEEM on 17th place on the volume rankings.
Poloniex volume about 30% lower then yesterday, ~116 BTC.
Bittrex volume about 39% lower then yesterday, ~20 BTC.

COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!

If anyone has any questions or need's help fell free to ask, I will try to explain as fast and as best as I can.
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DISCLAIMER
I am showing multiple scenarios on the price movement, in the post itself I do not take any stance, either bullish or bearish. I am not responsible for neither you’re winning nor you're losses upon trading! the "comment" section is my personal opinion and does not mean I have to or do hold any positions in the given market.
Everyone who uses TA develops his own unique charting style, please keep that in mind.

Kind regards, OZ :)

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COMMENT

Seems like both exchanges made a touch around the 0.00017 levels, if we look to the left, the price had some flatt action at these levels few days ago making it a possible bounce point. If this one fails, I see 2 more possible bounce points before we reach into new all time lows, the 0.00015 level and the all time low ~0.00013 BTC

postimage
Trying to hold the Ichimoku cloud support at the four-hour chart. I am expecting the November 3 lows to hold.

bra nivå

great post

A few months later the cost of steem rise, I promise you.